The Baker Hughes Incorporated (BHI) Stake Held by CKW Financial Group

The Baker Hughes Incorporated (BHI) Stake Held by CKW Financial Group

A number of other institutional investors have also recently modified their holdings of BHI. Winch Advisory Services LLC purchased a new position in shares of Baker Hughes during the first quarter worth $104,000. First Bank & Trust bought a new position in Baker Hughes during the fourth quarter valued at approximately $131,000. Trust Co. of Vermont increased its position in Baker Hughes by 21.5% in the first quarter. Trust Co. of Vermont now owns 2,260 shares of the oilfield services provider’s stock valued at $135,000 after buying an additional 400 shares in the last quarter. First Manhattan Co. increased its position in Baker Hughes by 19.3% in the first quarter. First Manhattan Co. now owns 2,470 shares of the oilfield services provider’s stock valued at $124,000 after buying an additional 400 shares in the last quarter. Finally, Scotia Capital Inc. bought a new position in Baker Hughes during the fourth quarter valued at approximately $200,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

CKW Financial Group held its position in shares of Baker Hughes Incorporated (NYSE:BHI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,700 shares of the oilfield services provider’s stock at the end of the first quarter. CKW Financial Group’s holdings in Baker Hughes were worth $102,000 at the end of the most recent quarter.

Shares of Baker Hughes Incorporated (NYSE BHI) opened at 54.95 on Monday. The company’s market capitalization is $23.38 billion. Baker Hughes Incorporated has a 1-year low of $41.74 and a 1-year high of $68.59. The stock’s 50 day moving average price is $58.10 and its 200-day moving average price is $60.94.

Baker Hughes (NYSE:BHI) last released its quarterly earnings results on Tuesday, April 25th. The oilfield services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.17. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Baker Hughes had a negative return on equity of 5.64% and a negative net margin of 27.82%. The firm’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same quarter last year, the business posted ($1.58) EPS. On average, equities analysts predict that Baker Hughes Incorporated will post $0.02 EPS for the current year. The company also recently declared a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Monday, May 8th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.24%. The ex-dividend date was Thursday, May 4th. Baker Hughes’s dividend payout ratio is presently -10.83%.

Baker Hughes (NYSE:BHI) last released its quarterly earnings results on Tuesday, April 25th. The oilfield services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.17. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Baker Hughes had a negative return on equity of 5.64% and a negative net margin of 27.82%. The firm’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same quarter last year, the business posted ($1.58) EPS. On average, equities analysts predict that Baker Hughes Incorporated will post $0.02 EPS for the current year. Several research firms have commented on BHI. Susquehanna Bancshares Inc upgraded shares of Baker Hughes from a “neutral” rating to a “positive” rating and set a $71.00 price objective on the stock in a report on Thursday, February 9th. FBR & Co upped their price target on shares of Baker Hughes from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Tudor Pickering began coverage on shares of Baker Hughes in a research note on Thursday, March 23rd. They issued a “buy” rating on the stock. Scotiabank set a $69.00 price target on shares of Baker Hughes and gave the company a “hold” rating in a research note on Wednesday, March 22nd. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $69.00 price objective on shares of Baker Hughes in a research report on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Baker Hughes currently has a consensus rating of “Hold” and a consensus target price of $62.02.

About Baker Hughes Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world. The Company also provides products and services for other businesses, including downstream chemicals, and process and pipeline services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BHI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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